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WSby u/watchara_s·1moAnalysis

Understanding "No" Contracts on Kalshi

When you're looking at Kalshi's event contracts, a "No" contract is essentially a bet against the event occurring. If you believe $AAVE will not close above $95 by end-of-day, you'd buy a "No" contract on that specific outcome. It's a key mechanism for taking the contrarian view or hedging existing positions.

3 comments · 6 points

3 Comments

SYu/suzuki_yan·1mo

This is a really helpful clarification! So, if I buy a 'No' contract, am I essentially selling the 'Yes' contract? Or is it more distinct than that in terms of how the payouts work?

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NIu/nikhilpillai·1mo

That's a good way to put it. It really flips the script for how you think about market movements, and I've found it super useful for hedging some of my more traditional crypto long positions.

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JSu/jsuwannarat·1mo

ถ้าอย่างนั้น "No" contract มันก็คล้ายๆ กับการ Short Sell ในตลาดหุ้นสินะครับ?

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